Post Utme Babcock University 2024 Economics Question 33

Practice objective / multiple choice question 33 from the 2024 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2024 Economics Objective / Multiple Choice
Question 33 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ECONOMICS • objective

A firm has a production function Q = 2L^2 + 3K. The wage rate is $10 and the rental rate is $5. What is the firm's profit-maximizing level of labor?

Answer Options

A. L = 2
B. L = 3
Correct Answer C. L = 4
D. L = 5
Correct Answer
C
Correct Option:
L = 4

About This Question

This is Post Utme Babcock University 2024 Economics Question 33. It is one of the objective questions from the 2024 Post Utme Babcock University Economics examination.

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